The son of King Salman, Prince Mohammed is trying to modernise the Saudi economy in part by weaning the country off its decades-long dependency on oil revenue

For more than a quarter-century, Saudi Arabia’s Prince Alwaleed bin Talal has been making investments and building relationships in the West. He bailed out Citigroup, helped refinance the ill-fated Euro Disney and backed Rupert Murdoch during the UK phone-hacking scandal.
Now, as Alwaleed passes a fourth week at a Riyadh hotel, one of hundreds of detainees in an anti-corruption crackdown, almost no one has rallied to his cause. Bill Gates, the Microsoft co-founder and philanthropist, said in a statement Monday that Alwaleed, 62, has been an “important partner” in ...

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